ch. 13 Flashcards
(7 cards)
1
Q
what is the definition of GNP? What is the difference with GNI?
A
2
Q
What is the definition of GDP?
A
3
Q
What expeditures make up GNP? (closed and open economy)
A
4
Q
What is the difference between GDP and GNP in an closed and open economy?
A
5
Q
What is CA? what does it tell?
A
6
Q
What is the saving formula of saving? how does it depend on CA in an open economy?
A
7
Q
What do we mean by intertemporal trade?
A
